Meten Registers $1.6M Gross Billing In Q1 From Metaverse Vocational Education Courses

by Shivani Kumaresan, Benzinga Staff Writer

April 13, 2022 9:53 AM | 1 min read |

Meten Holding Group Ltd METX said it raked in a gross billing of RMB10 million ($1.57 million) from its metaverse educational courses in the first quarter of fiscal 2022.
Meten launched the trial of its metaverse vocational education courses in December 2021.
The courses cover subjects such as video post-production, game rendering, architectural visualization, interior design, UI/UX design, and Building Information Modeling (BIM) application.
The company expects a gross billing of RMB50 million (approximately $7.86 million) from the courses in FY22.
“We will continue to launch the Courses in major cities in China, once the number of COVID-19 cases declines sufficiently,” said CEO Alan Peng.
Price Action: METX shares are trading higher by 13.6% at $0.15 on the last check Wednesday.

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